Regulatory Alerts2025-10-13
Added
PSD Circular No. 12: Regarding the initiation of interoperable transactions between Banks, MFS providers, and Payment Service Providers through NPSB
The document mandates that banks, mobile financial service (MFS) providers, and payment service providers (PSPs) commence live interoperable transactions via the National Payment Switch Bangladesh (NPSB) starting November 1, 2025. It establishes maximum fee limits for senders at 0.15% for banks, 0.20% for PSPs, and 0.85% for MFS providers, inclusive of VAT, while prohibiting any fees from recipients. Additionally, it specifies that existing fee structures under PSD Circular No. 02 apply to inter-bank fund transfers conducted via internet banking.
Topics
payments
open-banking
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